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A real estate salesperson can lease an automobile for five years at $500 per month payable at the beginning of each month, or purchase
A real estate salesperson can lease an automobile for five years at $500 per month payable at the beginning of each month, or purchase it for $32,000. She can obtain a loan at 3.75% compounded monthly to purchase the car. There is no residual value at the end of the lease contract. Should she lease or buy the car if. a. The trade-in value after five years is $5000? The car should be [(Click to select) b. The trade-in value after five years is $8000? The car should be (Click to select)
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